Industry Trends: Limousine & Bus Premiums Continue to Rise
Those of you who’ve been in business for a while may recall a time about 15 years ago when we faced a cycle called a “hard market,” characterized by higher premiums, fewer insurance carriers competing for your business and more stringent underwriting guidelines. Unfortunately, the latest emergence of the hard market cycle persists – affecting bottom lines, particularly as we battle back from the pandemic. Viewpoints from Mike Marroccoli Public transportation companies are continuing to see increased insurance costs, particularly for excess/umbrella liability, and obtaining coverage could be a challenge. You’ll need to take extra steps to get …
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